Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
DBCC expecting debt-to-GDP ratio of 63% in 2025, Senate plenary told
Business World Philippines
|November 14, 2025
DEBT as a share of gross domestic product (GDP) could come in at 63% by yearend following the growth slowdown in the third quarter, a senior legislator said, citing projections by the Development Budget Coordination Committee (DBCC).
Senator Sherwin T. Gatchalian, who chairs the Senate finance committee, said the DBCC's estimate indicates a continued breach of the 60% threshold deemed sustainable for developing countries, despite expectations that the government will hit its budget deficit target.
"Despite the headwinds, natural calamities (and) the lower growth forecast, we will still end up with (a) 5.5% deficit and also (a) debt-to-GDP ratio of 63%," Mr. Gatchalian said during a hearing on the 2026 national budget on Thursday.
The Department of Finance had projected a ratio of 61.3% for the year.
This story is from the November 14, 2025 edition of Business World Philippines.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Business World Philippines
Business World Philippines
UK: PHL seen as key market for green infra projects
THE UK development finance institution, British International Investment (BII), said the Philippines has been designated an important market for climate-related and green infrastructure investment.
1 min
March 02, 2026
Business World Philippines
SEC orders Digido to permanently stop all financing operations
THE SECURITIES and Exchange Commission (SEC) has ordered Digido Finance Corp. to permanently cease all its financing operations after discovering that the company continued operating despite the revocation of its corporate registration and secondary license last year.
2 mins
March 02, 2026
Business World Philippines
DLSU extends unbeaten run for solo lead of women's volleyball
DE LA Salle University (DLSU) kept mastery of Ateneo de Manila University (ADMU), 25-14, 21-25, 25-15, 25-17, and stretched its unbeaten run to four games for a solo lead in the UAAP Season 88 women's volleyball on Sunday at the Smart Araneta Coliseum.
1 mins
March 02, 2026
Business World Philippines
PFRS 18: Confidently navigating changes in financial reporting
(First of two parts)
6 mins
March 02, 2026
Business World Philippines
Cardinal found with phone during secret conclave to elect Pope Leo, book says
ONLY TWO LEADING CANDIDATES FOR POPE
2 mins
March 02, 2026
Business World Philippines
POWER MOVE
UAAGI showcases multi-brand offerings, reveals 2026 plans at roadshow
2 mins
March 02, 2026
Business World Philippines
PSAC promotes collaboration to accelerate digital growth
THE PRIVATE SECTOR Advisory Council-Digital Infrastructure (PSAC-DI), ASEAN Business Advisory Council (ASEAN-BAC), and GoDigital Philippines have formalized a strategic partnership through the signing of a Memorandum of Agreement (MOA) to accelerate digital transformation, strengthen regional cooperation, and support the Philippines' preparations as host of the 2026 ASEAN Summit.
1 min
March 02, 2026
Business World Philippines
Stemming the obesity epidemic among Filipino children
MEDICINE CABINET TEODORO B. PADILLA
3 mins
March 02, 2026
Business World Philippines
Palm oil expansion raises concerns over environment, coconut industry impact
THE government's plan to expand palm oil production in Mindanao must not come at the expense of the coconut industry or the environment, industry leaders said.
2 mins
March 02, 2026
Business World Philippines
Metallic mineral output hits record P301 billion in 2025
METALLIC MINERAL production last year rose 18.2% to a record P301.32 billion, driven by a sharp increase in gold prices.
1 mins
March 02, 2026
Listen
Translate
Change font size